Chesterfield Financial Corp. is the holding company for Chesterfield Federal Savings and Loan Association of Chicago (the Association). Chesterfield Federal provides financial services through its three full-service offices located in the southwest side of Chicago, Palos Hills and Frankfort, Illinois. The Association is principally engaged in the business of attracting savings deposits from the general public and investing these funds to originate one- to four-family residential real estate loans. Other financial instruments that potentially represent concentrations of credit risk include deposit accounts in other financial institutions and the Companys investment in a mutual fund. Chesterfield Federal also offers property and casualty insurance through its wholly owned subsidiary, Chesterfield Insurance Services, L.L.C.